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Formtek, Roto-Die joining forces

Keywords: Tags  Formtek, metal stamping equpment, Roto-Die, press brakes, merger, Darren Muchnicki, Iowa Precision, Lockformer Engel

CHICAGO — Formtek Inc., which manufactures coil processing, stamping, forming and fabricating equipment, has entered into an agreement to purchase Roto-Die Inc.

Cleveland-based Roto-Die makes hydraulic press brakes for sheet metal.

"Having common dealers and serving similar markets, Roto-Die is a great fit for the Formtek Group," Darren Muchnicki, president of Cleveland-based Formtek, said in a statement. "It will be a great compliment to our Iowa Precision, Lockformer, Engel, Lion and ISM products."

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